BEIJING, May 18, 2012 /PRNewswire-Asia/ — Youku Inc. (NYSE: YOKU), China’s leading Internet television company (“Youku” or the “Company”), today announced its unaudited financial results for the first quarter 2012. First Quarter Highlights(1) Net revenues were RMB270.2 million (US$42.9 million), a 111% increase from the corresponding period in 2011. Gross loss was RMB22.6 million (US$3.6 million), as compared to a gross profit of RMB14.0 million (US$2.2...

SHANGHAI, May 18, 2012 /PRNewswire-Asia-FirstCall/ — ChinaCast Education Corporation (the “Company”, NASDAQ: CAST), a post-secondary education and e-learning services provider inChina, announced today it has received a notification from the staff of The NASDAQ Stock Market LLC (the “NASDAQ Staff”) that the NASDAQ Staff has determined that the Company’s failure to file when due its Form 10-Q...

XIAMEN, China, May 18, 2012 /PRNewswire-Asia/ — China Xiniya Fashion Limited (“Xiniya” or the “Company”) (NYSE:XNY), a leading provider of men’s business casual apparel in China, today reported financial results for the first quarter of 2012. The financial statements and other financial information included in this press release have been prepared in conformity with International Financial Reporting Standards...

CHONGQING, China, May 18, 2012 /PRNewswire-Asia/ — Country Style Cooking Restaurant Chain Co., Ltd. (NYSE: CCSC) (“Country Style Cooking” or the “Company”), a fast-growing quick service restaurant chain in China, today announced its unaudited financial results for the first quarter of 2012. First Quarter 2012 Financial Highlights   Revenues in the first quarter of 2012 were RMB285.2 million ($45.3 million), an...

SYDNEY, May 17, 2012 /PRNewswire-Asia/ — There have been mixed reactions with Internet IPOs from companies such as LinkedIn, Groupon, Zynga, and Yelp in recent years, with not all of them having a successful start. With Facebook’s high initial market capitalisation, the initial share price set in the IPO are seen by many analysts as...

SYDNEY and WUXI, China, May 17, 2012 /PRNewswire-Asia/ — Suntech Power Holdings Co., Ltd. (NYSE: STP), the world’s largest producer of solar panels, today announced that its chief technology officer, Dr. Stuart Wenham, was awarded the prestigious Australian Collaborative Innovation Awards at a gala dinner at the National Wine Centre in Adelaide on May 16, 2012. Dr. Wenham, along with Scientia Professor Martin Green,...

NEW YORK, May 17, 2012 /PRNewswire-Asia/ – Global Sources Ltd. (NASDAQ: GSOL) reported financial results for the first quarter ended March 31, 2012.   Global Sources’ executive chairman, Merle A. Hinrichs, commented: “For the quarter, we achieved revenue of $38.9 million driven by growth in our online business. Looking forward, our customers are becoming more conservative with their marketing budgets due to the...

AUCKLAND, New Zealand and DUBAI, United Arab Emirates, May 17, 2012 /PRNewswire-Asia/ — New Zealand technology company Jade Software Corporation today announced the opening of an office in the Middle East to build on its sales success of its port management software – “Master Terminal” in the region.Captain Kaustubh Dalvi, Director of Business Development for Jade Logistics,...

SHANGHAI, May 17, 2012 /PRNewswire-Asia/ — China has surpassed the US to become the world’s largest food and grocery retail market, new research from IGD has revealed. According to IGD’s findings, which were published (4 April 2012), the Chinese grocery sector was worth GBP607bn (US$963bn) at the end of 2011. By 2015, the Chinese market is forecast...

PowerShield® 3W is more durable than competitive films, allowing solar panels to reliably supply power even in the harshest environments MORRIS TOWNSHIP, N.J., May 17, 2012 /PRNewswire-Asia/ – Honeywell (NYSE: HON)announced today that it has introduced its third-generation laminate film designed to protect solar power panels from harsh environments while helping them maintain power output over their 25-year...

LAS VEGAS, May 17, 2012 /PRNewswire-Asia/ – International Game Technology (NYSE: IGT) will showcase a portfolio of games tailored to the specific demands of Asian markets during G2E Asia 2012 at The Venetian Macao in Macau, May 22 – 24. “IGT is proud to introduce our newest Asian market-attuned games and industry-leading systems products that are designed...

BEIJING, May 17, 2012 /PRNewswire-Asia-FirstCall/ — NetEase, Inc. (NASDAQ: NTES), one ofChina’s leading Internet and online game services providers, today announced its unaudited financial results for the first quarter ended March 31, 2012. William Ding, Chief Executive Officer and Director of NetEase, stated, “The growing popularity of our self-developed games continues to drive our revenues. For the first...